thanks for joining us. here in europe, the irish government says it is splitting its troubled lender into separate institutions. the move is designed to appease e.u. lawmakers and reassure international lenders. the first half will be a so- called funding bank, holding deposits. the second will be a bang for non-performing assets which will eventually be sold off. the finance ministry says this represents the least costly outcome for taxpayers, who have already pumped almost 23 billion year rose into the bank. >> financial stocks were under pressure in europe this wednesday, but other factors were supporting markets. we have a wrap of the day's trading in frankfurt. >> trading this wednesday started on the low side when ere was ne that exports from germany slightly decreased. reassuring signals came to the markets. for example, news that industrial production in germany continue to increase. the portuguese government successfully placed to new government bonds on the market. still, -- steel and gold are on